I won’t list off all the reasons you may be in need of immediate business financing. There are plenty. There are also plenty of risks to avoid when searching for immediate financing. Typically, your cost of financing will increase for faster approvals. You see this with…
This week from May 2 to May 5 is SBA National Small Business Week. The theme of the 2022 National Small Business Week is Building a Better America Through Entrepreneurship. You can visit the SBA website to sign up for the virtual summit. Entrepreneurship is difficult,…
Startup businesses are tricky. Some advice is to never stop searching for capital to grow your business. Some advice is to only secure the funding necessary to get a product out, then start another round of fund raising. There is no one right answer, and the…
As a small business owner, you are faced with endless options for business funding. You’ve probably considered a bank loan, a line of credit, an online loan, crowdfunding, bootstrapping, or even a merchant cash advance. Maybe you’ve even considered receivables funding like invoice factoring. There is…
According to the Wells Fargo Small Business Index, $10,000 is the average amount of startup capital required by a small business owner. Acquiring and managing your working capital is crucial when it comes to running a successful small business. Unfortunately, since companies need to deal with…
Every business must be concerned with the amount of working capital it has. Working capital is used to take the proverbial pulse of your company’s finances. You’ll know that you don’t have enough when you can’t pay your current obligations with the cash you have in…
On this episode of #TheMoneyFactor, CEO Ian Varley sits down with Erik Sizemore, President of the Georgia Staffing Association to discuss staffing trends and hiring challenges. Watch the episode below or read the transcription. On today’s show we’re going to be talking about some trends affecting…
You already know that having a low credit score can affect your ability to get a car loan or mortgage. However, bad credit could also destroy your dreams of entrepreneurship, too. Unfortunately, most lenders are already reluctant to loan money to fledgling businesses. If you have…
When a business owner has a bankruptcy on record or is currently restructuring due to insolvency, traditional lenders will shut their doors. Bankruptcies do not stop factoring companies from purchasing invoices. Eagle Business Credit evaluates the credit of your clients, not your business. Rather than seeking…
Growing businesses can find themselves strapped for cash. This is because expansion means rising costs in overhead, supplies, and payroll. 82% of business failures are caused by cash flow, so it’s important to trim down the unnecessary costs of business. Even running a lean operation, chances…